{"id":819452,"date":"2025-04-03T10:46:26","date_gmt":"2025-04-03T08:46:26","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=819452"},"modified":"2025-04-03T10:46:32","modified_gmt":"2025-04-03T08:46:32","slug":"bank-zero-partners-with-green-riders-to-power-job-creation","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/819452\/bank-zero-partners-with-green-riders-to-power-job-creation\/","title":{"rendered":"Bank Zero partners with Green Riders to power job creation"},"content":{"rendered":"\n<p>Economic inclusivity requires access to the formalised banking sector, which is why Bank Zero and Green Riders have partnered to power entrepreneurship among South Africa\u2019s previously marginalised youth.<\/p>\n\n\n\n<p>Green Riders, a two-time Earth Shot nominee, has created employment for thousands of youths by providing access to e-bikes, which enables them to become riders in the last-mile delivery industry.<\/p>\n\n\n\n<p><strong>\u2022 <a href=\"https:\/\/www.bankzero.co.za\/?utm_source=BusinessTech&amp;utm_medium=Sponsored+Article&amp;utm_term=April+2025\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to learn more about Bank Zero.<\/a><\/strong><\/p>\n\n\n\n<p>With the ability to use sponsored e-bikes to begin earning a good income, these previously marginalised young people become micro-entrepreneurs who are eventually able to own these assets.<\/p>\n\n\n\n<p>This creates opportunities for these youths to sustainably develop their own businesses.<\/p>\n\n\n\n<p>\u201cThe company is committed to contributing to the local economy and environment while creating thousands of jobs,\u201d said Bank Zero CEO Yatin Narsai.<\/p>\n\n\n\n<p>\u201cHowever, high banking costs and complexity present significant challenges, diverting valuable resources. We believed that a flexible banking solution could support both the Green Riders community and the local economy.\u201d<\/p>\n\n\n\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Uo4uGJkqzMc?si=7dCPkvsdpG09CrM3\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen=\"\"><\/iframe><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The solution<\/h2>\n\n\n\n<p>Bank Zero leveraged its innovative banking system to develop a cost-effective customised commercial banking solution that offers bespoke functionality for Green Riders and their drivers, who all bank with Bank Zero.<\/p>\n\n\n\n<p>By building these systems in-house, Bank Zero can keep pricing for basic banking services at zero.<\/p>\n\n\n\n<p>The solution also empowered the Green Riders finance team to easily do general ledger processing.<\/p>\n\n\n\n<p>\u201cWe explored various options for a customizable commercial banking solution but struggled to find the right fit.<\/p>\n\n\n\n<p>After reviewing Bank Zero, we found their approach aligned with our needs,\u201d said Richard Clarke, Executive Chairperson of Green Riders.<\/p>\n\n\n\n<p>\u201cOver the past six months, their solution has provided the functionality and support required to streamline our operations.\u201d<\/p>\n\n\n\n<p>\u201cMy CFO finds the detailed spreadsheets really beneficial, especially since it can streamline our general ledger processing. No other bank does this,\u201d said Richard.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Empowering South Africa\u2019s economy<\/h2>\n\n\n\n<p>\u201cIt is hugely rewarding to see our zero-fee digital banking services contribute to growing the South African economy by supporting small and micro-enterprises,\u201d said Yatin.<\/p>\n\n\n\n<p>\u201cWe\u2019re delighted to support a business that creates opportunities for young South Africans to start earning a proper income while giving them access to banking services that can help them save, and grow their business, leading to a more prosperous future.\u201d<\/p>\n\n\n\n<p>This same flexible and effective system used for Green Riders allows Bank Zero to customise solutions for other business customers, helping them keep the zeros in their banking fee column year after year.<\/p>\n\n\n\n<p>\u201cFees charged by traditional banks are too high. Our customers don\u2019t pay for basic banking and are only charged for extras and cash, but even these fees are low,\u201d said Yatin.<\/p>\n\n\n\n<p>Beyond the cost-saving benefits, Bank Zero\u2019s system provides other benefits to retail and business customers.<\/p>\n\n\n\n<p>\u201cWhile we remain pragmatic about the services we can cost-effectively offer, our focus on pioneering disruptive change to transform the banking game for consumers and businesses remains firmly in place,\u201d concluded Yatin.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.bankzero.co.za\/?utm_source=BusinessTech&amp;utm_medium=Sponsored+Article&amp;utm_term=April+2025\">Click here to learn more about Bank Zero.<\/a><\/strong><\/p>\n\n\n\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/RkBWV8wGihE?si=BB9x9-n0v6m5X2wS\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Green Riders has created employment for thousands of youths by providing access to e-bikes, which enables them to become riders in the last-mile delivery industry.<\/p>\n","protected":false},"author":57,"featured_media":819453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[12875,22206],"class_list":["post-819452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-bank-zero","tag-green-riders"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/819452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=819452"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/819452\/revisions"}],"predecessor-version":[{"id":819457,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/819452\/revisions\/819457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/819453"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=819452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=819452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=819452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}